Monday, June 29, 2015

Jun 29 2015

Very nice trading session with just one stop and many strong winning trades, ending with cool 1:3 on VXX

Session Time: Mon Jun 29 00:00:00 2015
[08:50] {dino} gm
01[08:51] {@Threei}  dino :)
[08:57] {dino} whats with greece, deal not happening?
01[08:57] {@Threei}  they called referendum on meeting creditors demands
01[08:58] {@Threei}  so, complete unpredictability
[09:04] {RonS} gm
01[09:05] {@Threei}  ron :)
01[09:10] {@Threei}  - ECB's Nowotny (Austria): Greek situation quite dramatic; hopes referendum leads to a sensible solution. Greece missing June 30th IMF payment did not mean default. Constructive path very limited if Greece voted "NO" in the referendum
01[09:10] {@Threei}  - EU's Moscovici reiterated Greece must remain in euro zone; Door was still open for negotiations
01[09:10] {@Threei}  - President Obama said to have sent Iran Supreme Leader Khamenei letter before nuclear talks
01[09:11] {@Threei}  with dried flower inside?
01[09:19] {@Threei}  (GR) Germany Chancellor Merkel: Greece was provided with a generous offer, showed no willingness to compromise - Reiterates deadline for the Greece program is midnight tomorrow, are open to additional talks following the expiration of the program- Are also open to discussions after the Greek referendum on July 5th- Reminder earlier: (GR) EU's Juncker: The eurozone will remain intact; Greece unilaterally broke off negotiations, we wanted a deal; the door remains open for Greece
01[09:20] {@Threei}  two more shark attacks near the same beach
[09:23] {dino} outer banks this time
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -PETX +13% (positive results for AT-002, commercialization expected in '16)
01[09:30] {@Threei}  -WYY +5% (entered strategic alliance with Samsung SDS America)
01[09:30] {@Threei}  -SYY +1.6% (approved $3B buyback program)
01[09:30] {@Threei}  -SRPT +1% (completes NDA submission for FDA for Eteplirsen for the treatment of Duchenne's)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -AGO -13% (Puerto Rico debt concerns)
01[09:30] {@Threei}  -MBI -10% (Puerto Rico debt concerns)
01[09:30] {@Threei}  -BPOP -4.2% (Puerto Rico debt concerns)
01[09:30] {@Threei}  -FEYE -3.5% (negative broker commentary)
01[09:30] {@Threei}  -CYBR -4.3% (cautious weekend press)
01[09:30] {@Threei}  -PBR -3% (long-term plan update; cuts 5-yr investment budget)
01[09:30] {@Threei}  -PANW -2.4% (cautious weekend press)
01[09:30] {@Threei}  -JUNO -2% (FDA accepted INDA for JCAR017 in relapsed/refractory B cell non-Hodgkin lymphoma)
01[09:30] {@Threei}  -AAPL -1.2% (momentum from Cautious Tech Trader in recent Barrons edition)
01[09:36] {@Threei} Short Setup: TWTR  .85 break
01[09:36] {@Threei}  If holds  .90
01[09:39] {@Threei}  1:1
[09:39] {nemo} interesting, not here
01[09:40] {@Threei} Short Setup: FB  .20 break
01[09:40] {@Threei}  late
[09:41] {dino} out viix calls +.70 / 50%
[09:43] {dino} out dia puts +1.64 / 51%
01[09:44] {@Threei} Long Setup:  FB  .30 break
01[09:44] {@Threei}  If holds  .20
01[09:45] {@Threei}  1:1
01[09:46] {@Threei}  1:2
01[09:50] {@Threei} Short Setup: TWTR  35 break
01[09:50] {@Threei}  If holds  .10
[09:56] {dino} wrld smr l .03
[09:58] {dino} espr smr l ave .25 wide
01[10:00] {@Threei}  *(US) MAY PENDING HOME SALES M/M: 0.9% V 1.4%E
[10:04] {nemo} twtr bull flag
01[10:09] {@Threei}  stop to .06
[10:09] {dino} out espr .70, +.45
01[10:10] {@Threei}  1:1
01[10:10] {@Threei}  wtg
01[10:15] {@Threei}  UBER.IPO French police have arrested two Uber executives
[10:18] {dino} out wrld .50, +1.47
[10:19] {RonS} gj
01[10:19] {@Threei}  nice one
[10:19] {dino} ty
01[10:20] {@Threei}  1:2
01[10:20] {@Threei}  (close enough)
[10:27] {dino} dlph sm ml .00
[10:29] {dino} dlph stopped .74 -.26
01[10:32] {@Threei}  1:3
[10:32] {RonS} many auto suppliers weak... bwa mga...
01[10:32] {@Threei}  out
[10:37] {dino} cbt drop
[10:38] {RonS} coals running offf epa lose at scotus
[10:38] {RonS} loss
[10:38] {dino} sm l .69
01[10:39] {@Threei} Short Setup: FB  .70 break
01[10:39] {@Threei}  If holds  .80
01[10:41] {@Threei}  Invalidated
[10:41] {dino} cnx spike
01[10:44] {@Threei}  US Supreme Court strikes down EPA mercury emission regulations - Supreme Court rules the Obama Administration unlawfully failed to consider costs when deciding to regulate mercury pollution from power plants.- Representatives of the coal and electric power industries attempted to block a strict new federal rule against mercury and other toxic air pollutants.- Vote 5-4 with Scalia writing the majority opinion**NOTE: In making the mercury emission rules the EPA argued that public health was the only criteria to be considered, not the industry cost of compliance, which the agency estimated at nearly $10B annually
[10:46] {dino} out cbt .09, +.40
[11:01] {dino} lod
[11:12] {RonS} dlph silenced...
[11:13] {dino} yeah, strange
[11:15] {RonS} lotsa specialty chem guys whacked...strange w/ oil weakness
[11:18] {RonS} ipgp into a downside volume gap
[11:24] {dino} ipgp gap filled
01[11:29] {@Threei} Long Setup:  FB  .50 break
01[11:29] {@Threei}  If holds  .40
01[11:31] {@Threei}  Invalidated
01[11:35] {@Threei} Long Setup:  FB  .40 break
01[11:35] {@Threei}  If holds  .30
[11:42] {RonS} hearing wsj reporting Gr State pension fund unable to pay 57k pensions tomorrow
[11:44] {RonS} teva strength...some call buying,,,
01[11:45] {@Threei}  no go
[11:52] {dino} dlph .80 trig sm l
01[11:53] {@Threei}  rinse
01[11:53] {@Threei}  With Greece's solvency hanging in the balance, the divide between Greece and its creditors is only worsening. The EU Commission's Juncker accused Greece of unilaterally breaking off negotiations, even as Greek officials accused him of lying about Athens's negotiating positions. Tsipras said he would campaign for a no vote in the referendum, further alienating his European partners.
01[11:55] {@Threei}  Recall that Puerto Rico is also having a debt crisis moment of its own. Over the weekend, Puerto Rico Governor Padilla, the country can no longer make payments on its $73 billion in debt.
01[11:56] {@Threei}  how come no one wants to lend me 73 billion? I wouldn't make them guess and suffer, I'd default the next minute
01[12:00] {@Threei}  back in 40
[12:11] {RonS} abmd gone pulp
[12:13] {RonS} ABMD - United States Department of Justice Closes Investigation Into Abiomed’s Impella 2.5
[12:26] {RonS} hl ncr .46 s/l lod
[12:33] {RonS} hey dino, watching cnbc today?
[12:34] {dino} no
[12:34] {dino} don't have tv in my office, usually just watch from 6-7 am est
[12:36] {RonS} just watch the "halftime report" here... but turned it on this a.m. due to greece and thought mcb looked like she was in heat...
[12:38] {dino} mcb=michelle?
[12:38] {RonS} yep
[12:38] {RonS} mcc...sorry
[12:38] {nemo} Chris Squire died
[12:38] {dino} butter face
[12:39] {dino} = nice body, but her face, so-so
[12:40] {RonS} hey nemo... was he w/ YES? the lead guitar/
[12:40] {nemo} bassist
[12:40] {RonS} ah
[12:40] {nemo} played it like a lead thogh
[12:40] {nemo} though
[12:41] {RonS} ya...some of my favorite riffs on their songs
[12:41] {RonS} dino, started postulating 2 weeks ago that any female on cnbc HAS to have a big nose...
[12:42] {dino} roflol
[12:43] {dino} they had her on an interview for lulu or something. she was in the yoga pants, looked pretty good
[12:45] {RonS} lol... "i am gratigued from this graccident"
01[13:07] {@Threei} Long Setup:  IWM  .65 break
01[13:07] {@Threei}  If holds  .60
01[13:08] {@Threei}  Invalidated
01[13:15] {@Threei} Long Setup:  FB  .40 break
01[13:15] {@Threei}  If holds  .30
01[13:18] {@Threei}  1:1
01[13:21] {@Threei}  (GR) Germany Chancellor Merkel reportedly indicated that she and her party would be supportive of a 3rd bailout package for Greece if it returns to talks
01[13:21] {@Threei}  hmmm... blackmail works?
01[13:22] {@Threei}  (GR) Omega Advisors' Cooperman: See less than 50% chance of a Greece exit; don't see a Greek default as a major market issue - TV interview - Greek economy is a tiny fraction of global economy
01[13:22] {@Threei}  idiot
01[13:23] {@Threei}  everyone always knew it was tiny, that's not the point
01[13:27] {@Threei}  1:2
[13:36] {dino} gj
01[13:37] {@Threei}  ty
[13:39] {RonS} lol... "will Puerto Rico leave the dollar?"
01[13:40] {@Threei}  haha
01[13:40] {@Threei}  you'd have to kick them out, multiple times
01[13:40] {@Threei}  and they'd still grab onto it, kicking and screaming
[13:54] {dino} out wrld .75, +.60
01[13:56] {@Threei}  wtg
[13:57] {dino} ty
01[14:04] {@Threei} Long Setup:  IWM  .50 break
01[14:04] {@Threei}  If holds  .40
01[14:10] {@Threei}  Invalidated
01[14:24] {@Threei}  *(GR) S&P LOWERS GREECE SOVEREIGN RATING ONE NOTCH FROM CCC TO CCC- - We interpret Greece's decision to hold a referendum on official creditors' loan proposals as a further indication that the Tsipras government will prioritize domestic politics over financial and economic stability, commercial debt payments, and eurozone membership.- In our view, the probability of Greece exiting the eurozone is now about 50%. - Also, we believe that, absent unanticipated favorable changes in Greece's circumstances, a commercial default is inevitable within the next six months.
[15:16] {dino} wrld smr l .95
01[15:31] {@Threei} Long Setup:  VXX  .20 break
01[15:31] {@Threei}  If holds  /10
01[15:32] {@Threei}  1:1
01[15:35] {@Threei}  1:2
01[15:47] {@Threei}  1:3
01[15:47] {@Threei}  out
01[15:47] {@Threei}  happy with today, very strong day
01[15:48] {@Threei}  thank you all, have a good evening, see you tomorrow
[15:48] {dino} gn all